Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK shop prices fell again in May, although at a slower pace than in the previous month, Helen Dickinson, OBE, Chief Executive from the BRC said Wednesday. The BRC-Nielsen shop price index improved to -0.6% in May, with food inflation ticking down to 0.3%, as non-food prices fell by 0.8%.
Prices for food and non-food products dropped in May, with food prices declining y/y for the second month in a row as supermarkets tried to maintain their market share. "While clothing and footwear prices continued to fall in May, the pick-up in demand once social restrictions lifted meant this drop was smaller than in previous months," Dickinson added. Prices for furniture and electricals rose in May as retailers felt the impact of supply chain disruptions.
Higher costs are likely to filter through in the second half of the year, the BRC expects, "with the additional Brexit red-tape this Autumn, retailers may be forced to pass on some of these costs onto their customers."
Source: BRC-Nielsen Shop Price Index
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.